March 08, 2022

Community Governed Loans and Mobile Money in Nigeria with Adebola Adeniran

32 minutes

In this episode of the HackerNoon Podcast, Amy Tom sits down with Adebola Adeniran to talk about Money; specifically, mobile money in Nigeria. They go from sending money via email in Canada to how https://moni.africa (Moni) has cracked money lending by leveraging community governance. Which then got Moni into Y Combinator. It is an insider's take on what the financial landscape looks like in Nigeria and Africa at large. 💵

Adebola is the Software Editor at HackerNoon and the Growth lead at https://moni.africa (Moni).

On this episode of the HackerNoon Podcast, Amy and Adebola chat about:

With about 60% of Nigerians being unbanked, Adebola breaks down how Nigerians move money on a day-to-day basis. (01:16) 💸

People in Canada send money via email (lol, could never be me 😂). So, naturally, Amy is curious about what interacting with the financial infrastructure in Nigeria looks like. (03:27) 🏗️

In Nigeria, mobile money agents are the primary movers of money. But, who exactly qualifies to be a mobile money agent? (09:17) 🤑

How long has mobile money been in Nigeria and Africa at large? (11:51) 🌍

What are the barriers to entry into the mobile money agent system? (13:01) 🚧

What does the competition look like in the mobile money ecosystem? (14:46) 🤺

How did Adebola get to being the People and Growth Lead at Moni? (16:11) 👨🏾‍💼

How exactly does https://moni.africa fit into the mobile money picture? (17:55) 💷

What gets Adebola excited about mobile money? (26:47) 😆

Read Adebola’s take on mobile money:

Mobile Money: The Key to Financial Inclusion in Emerging Markets

Find Adebola online:

Check out Adebola on HackerNoon: https://hackernoon.com/u/adebola

Learn more about HackerNoon:

To read HackerNoon stories, check out hackernoon.com

To apply for a position, check out https://careers.hackernoon.com/

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